SU Group Wins Major Customer Security Project

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HONG KONG, Feb. 12, 2024 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced it has won a major customer security project to provide security engineering services for a property complex in Hong Kong.

(PRNewsfoto/SU Group Holdings Limited)
(PRNewsfoto/SU Group Holdings Limited)

Under the agreement, SU Group will design, supply and implement a comprehensive, integrated Extra Low Voltage ("ELV") security solution. The tailored solution will include integration of a high-definition CCTV system, with both state-of-the-art detection and image processing, a communications system, high-speed WiFi, secure mailbox access, and a video-enabled door security system. SU Group will also provision a CABD system (Communal Aerial Broadcast Distribution), which will serve as an amplifier to prevent weak signals at the property.

SU Group's Chairman and CEO, Dave Chan, commented, "This is another great win for us, which we expect will serve as our latest showcase project given the complexities of the security system this customer contracted us for and the high profile nature of the prestigious property. From a strategic standpoint, this is also an example of the higher value, higher margin integrated security-related engineering services projects we are targeting. We are very well positioned for growth given the scale of our company, size of our security solutions products and services portfolio, and the strong customer demand due to persistent security threats. We believe our customer opportunity pipeline is the largest it has been in the Company's history, and we are optimistic about the potential for accelerated revenue and profit growth as we move forward."

About SU Group Holdings Limited

SU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. Through its subsidiaries, SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that SU Group provides services include threat detection systems, traffic and pedestrian control systems, and extra-low voltage systems in private and public sectors, including commercial properties, public facilities, and residential properties in Hong Kong. For more information visit www.sugroup.com.hk.